XML 110 R18.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Other Assets and Liabilities | 6 Months Ended
--- | ---
Jun. 30, 2014
Other Assets and Liabilities | Note 11. Other Assets and Liabilities Other assets at June 30, 2014 and December 31, 2013, are summarized in the following table. Other Assets
(In Thousands) |  | June 30, 2014 |  |  | December 31, 2013 |
Margin receivable |  | $ | 58,455 |  |  | $ | 31,149 |
Investment receivable |  |  | 3,142 |  |  |  | 8,923 |
Other pledged collateral |  |  | 5,000 |  |  |  | 5,000 |
REO |  |  | 3,323 |  |  |  | 3,661 |
Prepaid expenses |  |  | 1,576 |  |  |  | 1,850 |
Fixed assets and leasehold improvements |  |  | 1,754 |  |  |  | 1,232 |
Income tax receivables |  |  | 2,902 |  |  |  | 170 |
Other |  |  | 1,612 |  |  |  | 1,655 |
Total Other Assets |  | $ | 77,764 |  |  | $ | 53,640 |
Margin receivable resulted from margin calls from our swap, master repurchase agreements, and warehouse facilities counterparties that required us to post collateral. The carrying value of REO at June 30, 2014, was $3 million, which includes the net effect of $2 million related to transfers into REO during the first six months of 2014, offset by $2 million of REO liquidations. At June 30, 2014 and December 31, 2013, there were 20 REO properties recorded on our consolidated balance sheets, all of which were owned at consolidated Sequoia entities. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities at June 30, 2014 and December 31, 2013 are summarized in the following table.
(In Thousands) |  | June 30, 2014 |  |  | December 31, 2013 |
Accrued compensation |  | $ | 9,830 |  |  | $ | 22,160 |
Legal reserve |  |  | 12,000 |  |  |  | 12,000 |
Derivative margin payable |  |  | 2,063 |  |  |  | 4,700 |
Accrued operating expenses |  |  | 3,913 |  |  |  | 4,291 |
Residential repurchase reserve |  |  | 2,477 |  |  |  | 1,771 |
Income tax payable |  |  | 1,160 |  |  |  | 1,337 |
Unsettled trades |  |  | 4,420 |  |  |  | - |
Other |  |  | 6,360 |  |  |  | 2,445 |
Total Other Liabilities |  | $ | 42,223 |  |  | $ | 48,704 |
See Note 15 for additional information on the legal and residential repurchase reserves.

X
- Definition Other Assets And Other Liabilities Disclosure + References No definition available. + Details
Name: | rwt_OtherAssetsAndOtherLiabilitiesDisclosureTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration